Kuwait – Mubasher: Aviation Lease and Finance’s (Alafco) ordinary general meeting approved the board’s recommendation to distribute 5% cash dividends.
Alafco will pay 5 fils per share with a total value of KWD 4.76 million for the fiscal year ended 30 September, 2016, according to a bourse statement issued on Tuesday.
On the stock level, Alafco ended Tuesday’s session higher with 0.82% to close at 246 fils, after 2.86 million shares were traded at a value of nearly KWD 709,000.
